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R

Ray 4317.T · JPY

Communication Services · Tokyo Stock Exchange · 🇯🇵 Japan

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528

+2.13%

Close of 9 Nov 2026, in JPY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥13.42bn

FY2017FY2026

Net income

¥1.30bn

FY2017FY2026

Free cash flow

¥955.0m

FY2017FY2026

Shareholders' equity

¥7.77bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥13.42bn¥10.46bn¥11.22bn¥12.45bn¥11.05bn¥7.05bn¥11.93bn¥11.47bn¥11.96bn¥11.31bn
Gross profit¥4.94bn¥3.55bn¥3.79bn¥4.15bn¥3.65bn¥1.57bn¥3.79bn¥3.71bn¥3.38bn¥3.04bn
Research and development————————¥9.2m¥13.1m
Operating income¥1.79bn¥960.6m¥1.21bn¥1.22bn¥756.6m−¥707.6m¥1.03bn¥896.5m¥570.7m¥363.2m
Net income¥1.30bn¥745.6m¥818.5m¥715.5m¥419.5m−¥368.0m¥721.9m¥609.6m¥374.5m¥217.7m
Diluted earnings per share98.4556.6760.3050.7929.27-25.6850.3842.5426.1316.89

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥10.91bn¥9.12bn¥9.42bn¥9.58bn¥9.79bn¥8.67bn¥9.36bn¥8.87bn¥8.80bn¥8.48bn
Cash and short-term investments¥3.06bn¥2.87bn¥2.83bn¥3.14bn¥3.61bn¥3.02bn¥2.05bn¥1.68bn¥1.15bn¥1.19bn
Total liabilities¥3.13bn¥2.33bn¥2.86bn¥3.54bn¥4.32bn¥3.54bn¥3.79bn¥3.88bn¥4.31bn¥4.75bn
Debt¥563.5m¥769.4m¥1.02bn¥1.29bn¥1.97bn¥2.18bn¥1.48bn¥1.68bn¥2.38bn¥2.86bn
Shareholders' equity¥7.77bn¥6.80bn¥6.55bn¥6.05bn¥5.47bn¥5.13bn¥5.57bn¥4.98bn¥4.49bn¥3.73bn
Shares outstanding13m13m14m14m14m14m14m14m14m13m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥2.34bn¥1.69bn¥1.05bn¥721.3m¥1.03bn¥849.9m¥1.43bn¥2.00bn¥558.4m¥1.22bn
Capital spending−¥1.39bn−¥841.8m−¥662.1m−¥169.5m−¥86.4m−¥95.0m−¥501.9m−¥278.4m−¥169.2m−¥92.0m
Free cash flow¥955.0m¥844.3m¥384.6m¥551.8m¥941.9m¥754.8m¥928.4m¥1.72bn¥389.2m¥1.12bn
Dividends paid−¥200.8m−¥210.8m−¥214.4m−¥142.8m−¥71.4m−¥71.5m−¥114.0m−¥85.6m−¥77.8m−¥76.8m

Latest quarters

By quarter end

Aug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Revenue¥2.93bn¥3.78bn¥3.28bn¥4.29bn¥2.63bn¥3.22bn¥3.08bn¥2.86bn
Gross profit¥934.3m¥1.25bn¥1.18bn¥1.52bn¥974.9m¥1.26bn¥1.10bn¥940.5m
Operating income¥99.8m¥455.2m¥344.7m¥714.2m¥217.4m¥490.7m¥446.8m¥325.0m
Net income¥104.2m¥332.1m¥279.9m¥476.0m¥183.5m¥364.4m¥322.9m¥253.4m
Diluted earnings per share7.8725.0821.1336.1813.9527.7024.5418.67
Cash from operations————¥1.08bn———
Capital spending————−¥521.0m———
Free cash flow————¥558.0m———
Total assets¥10.33bn¥10.24bn¥10.91bn¥10.90bn¥10.13bn¥9.28bn¥9.12bn¥8.82bn
Cash and short-term investments¥2.55bn¥3.12bn¥3.06bn¥2.03bn¥2.80bn¥2.98bn¥2.87bn¥2.29bn
Debt¥454.9m¥458.0m¥462.7m¥464.7m¥540.0m¥665.0m¥675.5m¥702.0m
Shareholders' equity¥7.99bn¥7.84bn¥7.77bn¥7.49bn¥7.01bn¥6.85bn¥6.80bn¥6.53bn

Financial ratios

Data as of 6 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2018FY2017FY2014FY2013FY2008
Gross margin36.8%34.0%33.8%33.3%33.0%22.2%—————
Operating margin14.3%10.0%10.9%9.8%7.8%-10.0%—————
Net margin9.7%7.1%7.3%5.7%3.8%-5.2%—————
Return on equity16.8%11.0%12.5%11.8%7.7%-7.2%—————
Return on assets12.0%8.2%8.7%7.5%4.3%-4.2%—————
Free cash flow yield47.4%32.1%21.1%10.6%13.0%11.0%—————
Revenue growth28.3%-6.8%-9.9%12.7%56.9%-40.9%—————
Earnings growth74.9%-8.9%14.4%70.6%-214.0%-151.0%—————
Current ratio2.12x2.49x2.34x2.02x1.71x1.75x—————
Debt to equity0.06x0.10x0.14x0.19x0.33x0.36x—————
Equity ratio71.3%74.5%69.6%63.1%55.9%59.2%—————
Interest coverage272.13x175.18x228.04x173.22x111.15x-118.45x—————
R&D as a share of sales——————0.1%0.1%0.0%0.2%0.1%
Buybacks as a share of market value0.0%3.1%3.7%1.7%0.0%0.0%—————

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.5%13.8%1.6%
Operating income13.5%—14.2%
Net income22.1%—13.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin35.6%34.6%33.0%31.4%
Operating margin11.5%10.9%8.0%6.9%
Net margin8.6%7.5%5.5%4.8%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings5.611.46.67.313.4-14.06.417.910.942.7
Price to sales0.50.80.50.40.50.70.40.90.30.8

Dividends and splits

Per share, in the currency the company pays

Paid for 17 years. Last went ex-dividend on 26 Feb 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year35.0015.0015.0010.005.005.008.006.00
  • 2-for-1 split · 26 Aug 2005
  • 1.3-for-1 split · 25 Feb 2002

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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